"Rovi and Sonic share a vision for the future of digital entertainment and how to deliver the best consumer experience possible," said Fred Amoroso, Rovi CEO and president, in a statement. "We believe Sonic has built an exciting portfolio that complements Rovi's TotalGuide as well as our broad portfolio of solutions."

Sonic Solutions shareholders may elect to receive either $14 or 0.2489 a share of Rovi. Cash consideration in the offer will be equal to 55%.

Rovi said it intends to begin an exchange offer for Sonic Solutions shares in January. The exchange offer is expected to close in the first quarter of 2011.

Rovi said the acquisition would add 5 cents to 10 cents a share to its 2011 adjusted earnings.